KTRK-13’s Miya Shay posts some interesting news and documents on her blog:
You may remember that a few years ago, the Downtown Aquarium leased portions of an old Houston Fire Dept. land to build the entertainment complex. Now the Aquarium, owned by Landry’s Restaurants, Inc., is looking to lease the old Fire Alarm Building property. According to City Council documents, Landry’s wanted to redevelop the land back in 2003 but it couldn’t reach an agreement with the City. The City tried to sell the land, but couldn’t get the money it was looking for. Now, the City wants to enter into a lease agreement that would be effective through 2041! According to the City Council documents, Landry’s rent would go from $150,000 a year to $250,000 a year.
Shay notes that the proposal was tagged at Council today, but we suspect that Tilman will get what he wants (with the approval of some media outlets). He usually does.
